Section 601BH — Corporations Act 2001: Modifications of constitution

(1) A company registered under this Part must modify its constitution within 3 months after registration to give effect to this Part. (2) If the constitution specifies amounts of money expressed in foreign currency, the company must: (a) fix a single rate of conversion by resolution; and (b) modify its constitution by special resolution to convert those amounts into Australian currency using that rate. The modification must be made within 3 months after registration. (2A) An offence based on subsection (1) or (2) is an offence of strict liability. Note: For strict liability, see section 6.1 of the Criminal Code. (3) An amendment of a company’s constitution under this section does not affect the number and class of shares held by each member.